Page 465 - Regional Comprehensive Economic Partnership (RCEP)
P. 465

investment  proposal,  and  the  enforcement  of  any  conditions  or
                       requirements that an approval or admission is subject to, shall not be
 (g)   for Malaysia, the Ministers performing functions and exercising powers under,   subject to the dispute settlement provisions under Chapter 19 (Dispute
 but not limited to, the Promotion of Investments Act 1986 [Act 327], the Income   Settlement).
 Tax Act 1967 [Act 53], the Petroleum Development Act 1974 [Act 144], and the
 Industrial Co-ordination Act 1975 [Act 156], and any amendments thereto;

 (h)   for  Myanmar,  the  Myanmar  Investment  Commission  and  Region/State   Article 17.12: General Exceptions
 Investment Committees under the Myanmar Investment Law, the Pyidaungsu
 Hluttaw Law No. 40/2016 dated 18 October 2016 and the Myanmar Investment   1.   For the purposes of Chapter 2 (Trade in Goods), Chapter 3 (Rules
 Rules, Notification No. 35/2017 of the Ministry of Planning and Finance of the   of  Origin),  Chapter  4  (Customs  Procedures  and  Trade
 Government of the Republic of the Union of Myanmar dated 30 March 2017,
 and  committees  under  the  Myanmar  Special  Economic  Zone  Law,  the   Facilitation), Chapter 5 (Sanitary and Phytosanitary Measures),
 Pyidaungsu Hluttaw Law No. 1/2014 dated 23 January 2014 and the Industrial   Chapter  6  (Standards,  Technical  Regulations,  and  Conformity
 Zone Law, the Pyidaungsu Hluttaw Law No.7/2020 dated 26 May 2020, and   Assessment Procedures), Chapter 10 (Investment), and Chapter
 any amendments thereto;      12  (Electronic  Commerce),  Article  XX  of  GATT  1994  is

 (i)   for  New  Zealand,  the  decision-making  Ministers  authorised  under   incorporated  into  and  made  part  of  this  Agreement,  mutatis
                                        5
 New Zealand’s  overseas  investment  framework  including  the  Overseas   mutandis.
 Investment Act 2005 and the Fisheries Act 1996, and any amendments thereto;
                       2.     For  the  purposes  of  Chapter  8  (Trade  in  Services),  Chapter  9
 (j)   for  Thailand,  the  competent  authorities  responsible  under  its  laws  and   (Temporary  Movement  of  Natural  Persons),  Chapter  10
 regulations, as may be amended, for the sectors or activities where foreign   (Investment), and Chapter 12 (Electronic Commerce), Article XIV
 investment is proposed or approved; and
                              of GATS including its footnotes is incorporated into and made part
                                                                     6
 (k)   for Viet Nam, the competent authority as defined in the Law on Investment and   of this Agreement, mutatis mutandis.
 other relevant laws and regulations such as Law on Securities, Law on Credit
 Institutions, Law on Insurance Business, and Law on Oil and Gas, as may be
 amended.
                       Article 17.13: Security Exceptions
 If a Party establishes a competent authority, including a foreign investment authority
 after the date of entry into force of this Agreement, this Article shall also apply to such   Nothing in this Agreement shall be construed:
 competent authority.
                              (a)    to  require  any  Party  to  furnish  any  information  the
 4  For the purposes of this Article, “a decision by a competent authority, including a
 foreign investment authority” means:   disclosure  of  which  it  considers  contrary  to  its  essential
                                     security interests;
 (a)   for Japan, a decision under the Foreign Exchange and Foreign Trade
 Law  (Law  No.  228  of  1949),  as  may  be  amended,  regarding  an   (b)   to  prevent  any  Party  from  taking  any  action  which  it
 investment that requires prior notification under that law, including an   considers  necessary  for  the  protection  of  its  essential
 order to alter the content of investment or discontinue the investment
 process; and                        security interests:

 (b)   for  the  Philippines,  the  decision  by  the  Securities  and  Exchange
 Commission  under  Republic  Act  No.  11232,  otherwise  known  as  the
 Revised  Corporation  Code  of  the  Philippines;  the  National  Security   5  The Parties understand that the measures referred to in subparagraph (b) of Article
 Council  under  Executive  Order  No.  292,  otherwise  known  as  the   XX of GATT 1994 include environmental measures necessary to protect human, animal
 Administrative Code of 1987, as amended; the Board of Investments   or plant life or health, and that subparagraph (g) of Article XX of GATT 1994 applies to
 under  Executive  Order  No.  226,  otherwise  known  as  the  Omnibus   measures  relating  to  the  conservation  of  living  and  non-living  exhaustible  natural
 Investments Code of 1987, as amended; and the relevant agencies of   resources.
 the  Philippine  Government  vested  with  jurisdiction  and  mandate  to
 regulate  specific  sectors  or  activities  under  Republic  Act  No.  7042,   6  The Parties understand that the measures referred to in subparagraph (b) of Article
 otherwise known as the Foreign Investments Act of 1991, as amended;   XIV of GATS include environmental measures necessary to protect human, animal or
 and any amendments thereto.   plant life or health.





 17-6                                                      17-7
   460   461   462   463   464   465   466   467   468   469   470